GURUFOCUS.COM » STOCK LIST » Technology » Software » NextNav Inc (NAS:NN) » Definitions » Interest Expense

NextNav (NextNav) Interest Expense : $-6.30 Mil (TTM As of Mar. 2024)


View and export this data going back to 2021. Start your Free Trial

What is NextNav Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. NextNav's interest expense for the three months ended in Mar. 2024 was $ -2.17 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-6.30 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. NextNav's Operating Income for the three months ended in Mar. 2024 was $ -16.15 Mil. NextNav's Interest Expense for the three months ended in Mar. 2024 was $ -2.17 Mil. NextNav did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

NextNav Interest Expense Historical Data

The historical data trend for NextNav's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

NextNav Interest Expense Chart

NextNav Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Interest Expense
-10.04 -17.84 - -3.66

NextNav Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - -0.34 -1.74 -2.05 -2.17

NextNav Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-6.30 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

NextNav  (NAS:NN) Interest Expense Explanation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

NextNav's Interest Expense for the three months ended in Mar. 2024 was $-2.17 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-16.15 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $64.86 Mil.

NextNav's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

NextNav did not have earnings to cover the interest expense.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The higher the ratio, the stronger the company's financial strength is.

NextNav (NextNav) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » NextNav Inc (NAS:NN) » Definitions » Interest Expense
Comparable Companies
STEM SCWX RPAY IIIV IMXI PSFE CCSI GCT RDWR CINT MSFT ORCL ADBE PANW SNPS VMW FTNT CRWD PLTR SQ
Traded in Other Exchanges
KK0:Germany
Address
1775 Tysons Boulevard, 5th Floor, McLean, VA, USA, 22102
Website
https://www.nextnav.com
NextNav Inc provides GPS service. The company NextNav TerraPoiNT system keeps critical infrastructure resilient with reliable Position, Navigation and Timing services in the absence of GPS.
Executives
David L. Knutson officer: SVP, Operations & Deployment 1775 TYSONS BLVD., 5TH FLOOR, MCLEAN VA 22102
Sammaad Shams officer: Corporate Controller 1775 TYSONS BLVD., 5TH FLOOR, MCLEAN VA 22102
Ganesh Pattabiraman director, officer: CEO, President & Director 1775 TYSONS BLVD., 5TH FLOOR, MCLEAN VA 22102
Arun Raghupathy officer: SVP, Engineering 1775 TYSONS BLVD., 5TH FLOOR, MCLEAN VA 22102
Robert Lantz officer: General Counsel C/O NEXTNAV INC., 1775 TYSONS BLVD., 5TH FLOOR, MCLEAN VA 22102
Bandel L Carano director 525 UNIVERSITY AVENUE, SUITE 1300, PALO ALTO CA 94301
Gary Parsons director 1775 TYSONS BLVD., 5TH FLOOR, MCLEAN VA 22102
Alan B Howe director 1155 KAS DRIVE SUITE 100, RICHARDSON TX 75081
Peter D Aquino director MOTIENT CORP, 300 KNIGHTBRIDGE PARKWAY, LINCOLNSHIRE IL 60069
Neil S Subin director 2336 S.E. OCEAN BOULEVARD, #400, STUART FL 34996
Christian D. Gates officer: Chief Financial Officer 1775 TYSONS BLVD., 5TH FLOOR, MCLEAN VA 22102
Wocap Global Opportunity Investment Partners, L.p. 10 percent owner 2802 TIMMONS LANE, #27440, HOUSTON TX 77227
Roderick M. Forrest 10 percent owner VICTORIA PLACE, 31 VICTORIA STREET, HAMILTON D0 HM 10
Edward Neil Halliday 10 percent owner VICTORIA PLACE, 31 VICTORIA STREET, HAMILTON D0 HM 10
Tivin Turchiaro 10 percent owner VICTORIA PLACE, 31 VICTORIA STREET, HAMILTON D0 HM 10